First Time Home Buyers Program

Buying your first home is an exciting milestone, but it can also feel overwhelming. Between saving for a down payment, understanding mortgage options, and navigating the home buying process, many first-time buyers aren't sure where to begin. Fortunately, there are a variety of programs designed to make homeownership more accessible and affordable.

First Time Home Buyer Programs may offer benefits such as low down payment requirements, down payment assistance, closing cost assistance, flexible credit guidelines, and special financing options that can help reduce the upfront costs of purchasing a home.

A "First Time Home Buyer" is classified as a potential home buyer who have not owned a home within the last 3 years from the time they purchase their next home. Many buyers are surprised to learn that they may qualify for assistance programs even if they have owned a home in the past. Program eligibility varies based on factors such as income, location, household size, and previous homeownership history.

In some cases, the “first-time home buyer” requirement can be waived.